Bitcoin is about $80,492, and ETFs record a second straight day of outflows

Through 14:11 Central European summer time, Bitcoin stood near $80,492. CoinMarketCap holds it at $80,492, down 1.21 percent. CoinGecko at $80,515. The working price is $80,492. Yesterday it was $81,455, about 1.2 percent higher. Friday closed at $81,086.20, down 0.28 percent, with an RSI of 45.26. A close below $80,417.70 opens a path to the 15 October low of $79,709. That is The Crypto Basic's reading at 08:05 on 24 October.

The funds

Farside for 23 October, the latest closed print, records Bitcoin minus $137.9 million: IBIT minus 110.3, FBTC minus 31.8, MSBT plus 4.2. Ether is plus $4.4 million (FETH plus 3.6, MSSE plus 0.8). Solana is 0.0. An XRP row is unavailable. The day before, 22 October, Bitcoin was minus $635.6 million, ether minus $110.6 million, Solana minus $8.9 million, and XRP plus $3.55 million via XRPZ, according to The Crypto Basic. The two-day Bitcoin ETF sum is minus $773.5 million. Today's outflow is smaller than Thursday's. Farside for XRP returns 404. SoSoValue returns 403.

The Crypto Basic on 23 October at 17:16 writes that a US manager with $3 billion of assets disclosed an XRP ETF investment, that XRPZ supplied the entire daily inflow on 22 October, and that XRP ETF net assets are $1.488 billion.

Chain, Wintermute, Strategy, and ADA

In the same hour mempool.space puts recommended fees at 1 satoshi per virtual byte. Hashrate is 1,071.93 exahash per second. The next difficulty adjustment is estimated at plus 5.10 percent, around 29 October at 20:35 Central European time. Yesterday the estimate was plus 5.51 percent.

Lookonchain counts 40 new wallets that have withdrawn 9,458 BTC, $771.5 million, from Wintermute since 1 October. Buyers and prices are unconfirmed. "Whale accumulation" is an interpretation. crypto.news carries it at 13:33 on 24 October. Strategy bought 250 BTC from 5 to 11 October and 267 BTC from 12 to 18 October, $43.6 million in all, mostly from stock sales. It holds 848,517 BTC at an average of $75,446.

In the same hour ADA falls almost 3.2 times harder than Bitcoin, minus 3.9 percent against minus 1.2 percent. ADA/BTC loses 2.6 percent, from 265.4 to 258.4 satoshis. In weakness ADA behaves as a high-beta asset. If Bitcoin closes below $80,417, a test of the area around $0.205 for ADA is likely. That is an interpretation, not a finding from the chain.

Sources: CoinMarketCap, CoinGecko, The Crypto Basic, RSI, Farside, The Crypto Basic, XRP ETF, mempool fees, mempool retarget, crypto.news, Wintermute, crypto.news, Strategy.